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£1,542 pcm
Retail/Office Opportunity To Let
LOCATION
The subject property is located on Glover Industrial Estate, Washington which lies approximately 8 miles south of Newcastle and 7 miles west of Sunderland. This sought after business location is provided with convenient links to the A19 and A1(M).
DESCRIPTION
Located on the northern edge of Glover industrial estate sits Cuthbert House.
Cuthbert House is a single storey detached building that comprises of 4 x self-contained office/retail units.
Unit 1 Cuthbert house comprises of an open plan aspect with a kitchenette and WC facilities. The unit benefits from gas central heating and off-street parking.
Unit 1 Cuthbert House has previously been occupied as retail and latest out of town office accommodation.
ACCOMMODATION
Ground Floor Retail/Office – 199 sq. m (2,152 sq. ft).
RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £14,750 and the estimated rates payable for the current year is £7,227. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.
EPC RATING
We currently await EPC.
TERMS
Available by way of new FRI lease terms at an asking rent of £18,500 PA +VAT (Eighteen Thousand Five Hundred Pounds).
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
SERVICE CHARGE
We are advised the service charge for 2024 is £1,800+VAT.
LEGAL COSTS
Each party is responsible for their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
VIEWING
For general enquiries and viewing arrangements please contact Michael McGhin on michael.mcghin@bradleyhall.co.uk or 0191 563 4242
Please complete the form below and a member of staff will be in touch shortly.
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